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Bullish Moving Average Cross by Simon Property (SPG)

By Amy Schwartz

Simon Property (NYSE:SPG) shares have crossed bullishly above their 10-day moving average of $153.42 on a volume of 205K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Simon Property share prices have been bracketed by a low of $150.15 and a high of $229.10 and are now at $153.90, 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Simon Property on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $163.95. Since that call, shares of Simon Property have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses simon property

Ticker(s): SPG